[How Web3 Will Transform Global Commerce] 2. Decentralized Commerce Platforms

Traditional e-commerce platforms such as Amazon or eBay operate as centralized intermediaries between buyers and sellers. While these platforms provide convenience and large customer bases, they also control the rules of the marketplace, charge fees, and manage user data.
Web3 introduces the concept of decentralized commerce platforms. These platforms operate on blockchain networks where transactions are verified by distributed nodes rather than a central authority.
In decentralized marketplaces, sellers can list products directly and buyers can purchase them using cryptocurrency or blockchain-based payment systems. Smart contracts ensure that payments are processed securely and automatically.
Because there is no centralized platform controlling the marketplace, fees can be significantly lower. This model can provide more profit for sellers and potentially lower prices for buyers.
Decentralized commerce platforms also offer stronger ownership rights. Sellers control their digital storefronts and product listings, while buyers control their digital assets through blockchain wallets.
The rise of decentralized marketplaces could fundamentally reshape how global trade operates in the digital economy.
For reference, the Web3 ecosystem BIZA-CarnegieMall applies the ZIOW coin as a real-world payment and reward system within a decentralized commerce platform.

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